Par Value |
| The issue price of a security (stock, share, bond etc). Par value is the same as nominal value and bears no relation to the market price. Gilts and other bonds are normally issued with a par value of 100 and as they are traded on the market throughout their lives their value can vary above or below 100 depending on their popularity at the time. When they reach their redemption date they will be redeemed at their par value of 100. |
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